Solar power, despite being the cheapest energy source available, can’t deliver a high enough return on investment to offset the cost of its construction.The Solar Energy Industry Association estimates that in 2020, solar power installations will cost about $1.5 trillion in capital costs, with a total cost to the economy of more than $100 billion.While…
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Why is solar power more expensive than wind?
The cost of solar power has gone up.But the price of wind power is down too.The average price of power is currently $2.50 per kilowatt hour compared with $4 per kilawatt hour in the year ending September 2019.That’s the lowest cost per kilometre of energy in five years, according to a report by the energy…